Someone used computer graphics to show us the actual cash which USA owes to others:
"Below is $15 trillion in cash ($15,000,000,000,000) – Unless the U.S. government fixes our budget, the national debt will surpass 15 trillion by Christmas of this year. That is 20% of the entire world's combined GDP and in 2011 the National Debt will exceed 100% of our GDP, and start going into the 100%+ debt-to-GDP ratio that has countries like Ireland, Portugal, Greece, Italy, and Spain (Euro PIIGS) are dealing with... bankrupcy. "
"What to expect for our future? Let's show you...
Below is 114.5 trillion dollars ($114,500,000,000,000): This is the U.S. unfunded liabilities. This is calculated on current tax and funding inputs, and future demographic shifts in the U.S. population. This is the amount of money the U.S. government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military, and civil servant pensions. It is the money the United States of America knows it will not have to pay all its bills. (Our stacks of money are taller than what used to be two of the tallest towers in the world, theEmpire State Building and the World Trade Center Twin Towers.) "
If only USA has the cash instead of debts, they could literally build highrise with hard cash!
Link
No comments:
Post a Comment